Scenario A. Deanna leaves her job at a refrigerator manufacturing company and starts her own business. Her objective is to attain maximum growth and earn high profits. Deanna's friend Callie still works at the refrigerator manufacturing company, where she has started a business venture utilizing the company's resources. Gus, her colleague, states that he would make a successful entrepreneur because he is a gambler and believes that a good idea and talent lead to success within a year.In Scenario A, Gus's beliefs are some examples of the ________ of entrepreneurship.
A. opportunities
B. challenges
C. myths
D. threats
E. facts
Answer: C
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The Acme Global Corporation is implementing a new software program for entering sales data. Soraya is comfortable with the current system and plans to keep using it even after the new software has been adopted. Soraya does not think the new software will change anything she does. Soraya is in the ______ stage of the change process.
A. commitment B. exploration C. resistance D. denial
When ABC Company makes a legal decision that complies with contractual agreements, one can accurately assume that it is an ethical decision because it is legal
Indicate whether the statement is true or false
A new small business, Underwater Wildlife, has opened to sell tours of underwater sites around the country and in South America. However, money has to be paid up front by the Underwater staff to book hotels and other travel arrangements before its clients have paid for the tours. That means Underwater is facing a potential
A. insurance difficulty. B. cash-flow problem. C. inventory-flow problem. D. business plan crunch. E. employee expansion task.
A company that provides goods or services in very low volume or small batches is called a ________ shop.
A) job B) batch C) small D) custom E) specialty